PIP #1 - Fee Sharing

Abstract Fee sharing is an important development that will bring buy pressure to the token.

Motivation Fee sharing has already been promised for months and it will reward long term holders that accumulated vePTP and did not sell PTP protecting project liquidity and future. More than that it will increase token buy pressure and project valorization. Therefore there are only positive reasons to implement fee sharing as soon as possible.

How it would work? In the Temperature Check post many derivations of this feature were discuss, but for now the best option is to approve a fee sharing mechanism where 100% of fees go to vePTP holders. If holders think that affected users from the hack should be rewarded then they can propose a new consensus check to change the fee sharing mechanism. Others also suggested fee sharing to be implemented with USP, but for now it is also better to implement it without USP. Obviously this can change too in future consensus checks.

Next Steps After Tempurature Check is approved a Consensus Check Proposal in snapshot will be published and voted. If the proposal is approved the team will need to implement the fee sharing algorithm and deploy it to production.

A side note from Platypus Team: When this proposal passed consensus check, Platypus Team will share the fee sharing arrangement plan with the community and work on the deployment. Once the fee sharing is deployed, we will distribute any newly generated surplus to the vePTP holders.